SCBx Group's acquisition of Bitkub looks likely to cause pain for small cryptocurrency operators as it may significantly boost the exchange's market share, which currently stands at 90%, thanks to the bank's large capital reserves and customer base.

We expect the SET Index to consolidate in a range of 1,600 and 1,620 points before breaking above 1,650 late this month. The third-quarter earnings reporting season, which is now winding down, will play an important role in influencing the market's direction.

The future outlook for cryptocurrencies in Thailand is promising after SCBx Group acquired 51% of Thailand's leading digital asset exchange, Bitkub Online Co, with a huge investment value of 17.85 billion baht.

Bitkub Online Co became Thailand’s latest startup to notch up a valuation of more than $1 billion after it sold a majority stake to the nation’s biggest bank by market value. Bitkub’s coin tripled in value after the deal was announced.

Consumer confidence picked up for the second straight month in October, hitting a five-month high, while business sentiment rose for the first time in seven months, boosted by a drop in new Covid-19 infections, the easing of the lockdown restrictions, and the country's reopening to fully vaccinated foreign tourists this…

Ether, the world's second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with bitcoin's rally and riding on news of wider blockchain adoption